In case you missed them, here are some of the most read articles from our accounting newsletter and blog in the first quarter of 2013. Click the article title to view the full article in a new window. Will the Healthcare Law Increase Your Costs? The sweeping Affordable Care Act has provisions that have...
Read more →Whether you’re an environmental organization raising funds for a lawsuit or a community group needing new equipment, you may need a fundraising agreement to sell something to raise money. You may not think it’s necessary for product vendors and not-for-profit groups to have written agreements, but most professionals generally agree that some form of contract is...
Read more →The IRS just launched a new online search tool, Exempt Organizations Select Check, to help taxpayers more easily find key information about tax-exempt organizations, such as federal tax status and filings, when they are contributing to charity. Facts about Charitable Contributions Charitable contributions are deductible only if you itemize deductions. To be deductible, charitable contributions must...
Read more →Guest Column for Nonprofit TODAY: Tuesday, March.13, 2012 When it comes to “one-size-fits-all,” the result is usually that it fits the median size and it may be just a little too snug or loose for the rest of us. The same principles apply to marketing: The standard approach might do the job for a reasonable price,...
Read more →They say, “No Pain, No Gain,” and the expression applies to the life cycle of nonprofit organizations, as well as athletes who hit the gym or the tennis court on weekends. The point when the aches and growing pains of an organization begin are prompted less by age than by changes in leadership, size,...
Read more →More and more not-for-profit organizations are realizing that if they do not offer the opportunity for members and contributors to make online donations, they are going to be left in the dust. There is a lot of competition on the Web and a potential contributor can easily make a couple of clicks with his...
Read more →The IRS has issued final regulations related to the recently redesigned Form 990 (Return of Organization Exempt From Income Tax), which is required for most tax-exempt entities. Not surprisingly, the final regulations generally follow guidelines established by proposed regulations in 2008. The sweeping changes approved by the final regulations take effect on September 7, 2011,...
Read more →The IRS has revoked the tax-exempt status of approximately 275,000 organizations and is making a list of the groups public. Publication of the list serves as notice to donors that they can no longer make tax deductible contributions to the organizations. The IRS announced that approximately 275,000 organizations have automatically lost their tax-exempt status...
Read more →Donors understandably demand accountability from the not-for-profit organizations they support. Some turn to the Better Business Bureau (BBB) for guidance. Its Wise Giving Alliance has established standards by which it evaluates tax-exempt 501(c)(3) organizations that submit a report. You might find it useful to see how your organization measures up to the standards. Presented...
Read more →If you are a small nonprofit organization that offers health insurance to your employees, you might qualify for the new federal health care tax credit that is being offered to employers for the first time in 2010. The Small Business Health Care Credit: The ground rules are as follows: You cannot have more than...
Read more →